Mixed-Use Land for Sale in Woodstock, Virginia
754 S Main St Woodstock, VA 22664
Woodstock corridor of growth, just south of Downtown, next to Massanutten Military Academy. The property in front of this 5 acre parcel was previously approved SUP for a mixed use project, containing 48 apartments over commercial, paving the way for additional development at this site. SUP has expired July 2023, needs renewed! Add to this central location the much touted "Rails to Trails" project that runs along the western border of this property if and when it is finally approved. The 5 acres is improved by two houses, one apartment building and metal commercial building leased to a body shop and towing company. The property is fully leased contributing a current income of over $106,000. Terrific income, while you rezone this property with a TND Overlay plan and phase in your Multi-Family redevelopment project at this site. Asking price is $1,550,000 at a 6.8% Cap Rate. Below market rents and the Multi-Family development potential at this site makes this a project you will want to take a closer look at. Imagine the possibilities!
Location
- Street Address
- 754 S Main St, 758
- County
- Shenandoah County
- School District
- Shenandoah County Public Schools
- Elevation
- 787 feet
Property details
- MLS Number
- TREND VASH2003966
- Date Posted
Property taxes
- Recent
- $5,752
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 19, 2024 | Under contract | $1,600,000 | — | TREND |
| June 14, 2024 | Price increase | $1,600,000 | $50,000 3.2% | TREND |
| Mar 14, 2024 | Back on market | $1,550,000 | — | TREND |
| Sept 25, 2023 | Under contract | $1,550,000 | — | TREND |
| Dec 19, 2022 | Price drop | $1,550,000 | $100,000 -6.1% | TREND |
| July 22, 2022 | New listing | $1,650,000 | — | TREND |